Was the “Considerable Period” or the “Measured Pace” More At Fault?
March 16, 2010 at 03:24 AM EDT
In his recent review in The New York Review of Books of my book Getting Off Track, Roger Alcaly makes a very interesting point about the “too low for too long” hypothesis, according to which the Fed helped cause the housing boom. I hear that some policymakers at the Fed have been [...]